Burdened by high energy costs? Are you thinking about making the switch from a conventional water heater to a tankless model? There are plenty of reasons to consider doing so. Depending on your situation you may get a better ROI. Tankless water heaters work well for many Texas households.
At Benjamin Franklin, we love helping Dallas area homeowners understand their plumbing problems. However, there’s no substitute for a professional when it comes to doing plumbing repairs right. We offer unmatched warranties on all work and have financing options available to help you get your plumbing work done today. Make sure you check our coupon page for offers that could save you money on your water heater installation.
Before you replace your water heater with a tankless model, consider the following pros and cons:
The Pros of Switching to a Tankless Water Heater
- A tankless water heater provides your house with a constant supply of hot water.
- Tankless water heaters are small enough to be installed under cabinets, in closets, on walls or even outdoors, with the use of an anti-freeze kit.
- Avoid the risk of flooding due to a ruptured tank.
- Tankless water heaters consume less energy because they only need enough power to heat water as it’s needed.
- Tankless water heaters are more efficient and don’t experience standby heat loss. This can be especially cost effective if you travel a lot.
- Some tankless water heater units come with a federal tax rebate. You can get up to $300 off installation!
- A tankless unit allows you to save on your energy bill (up to 34%) by using less energy.
- Tankless water heaters can last longer than storage water heaters—sometimes as much as five to ten years longer.
The Cons of Switching to a Tankless Water Heater
- Tankless water heaters can save you money on your energy bill in the long run, but they also require a greater initial financial investment upfront.
- Installation costs more, especially if you’re installing your first tankless heater and require new gas lines and venting or a dedicated electrical circuit.
- It may take several minutes for your water to warm up to an acceptable temperature. Turning faucet on and off – like when washing dishes – may result in bursts of hot and cold water.
- A tankless heater may not keep up when multiple fixtures need hot water – like a person showering while the washing machine is running.
- Because tankless heaters require a minimal flow rate, it can be difficult to get lukewarm water.
- Tankless water heaters require regular flushing to reduce mineral build up. This maintenance will extend its life.
- Leaks or spills are rare.
- Colder seasons require heater to work harder to make hot water.
Should I Replace My Water Heater with Tankless?
Before moving forward and investing in a new water heater, we encourage you to compare your options and consider tankless technology. Compare the yellow Energy Guide stickers on your current water heater and the tankless model you’re considering—this will help you come to a decision regarding which model will best suit your needs.
The benefits of changing to a tankless water heater are easy to list but the savings you experience will depend on the amount of water you use. If your home uses 40 gallons/day, your savings might range between 24%-34%. Larger families that use 80 gallons/day will see savings closer to 8%-14%. You can improve this percentage by installing multiple point of use tankless water heaters that only service a particular fixture.
While tankless water heaters last longer, even 10 years more than a conventional water heater, factor in how long you plan to be in your home. If you’re not there to take advantage of it, it won’t matter how long it lasts.
How to Switch from Tank to Tankless Water Heater
Tankless heaters should always be installed by a certified professional. They may require special wiring or new gas lines. Some areas have strict codes contractors must follow and require permits to install water heaters.
Your friendly punctual plumber at Benjamin Franklin can help you weight the cost of a tankless water heater against the benefits for your home. If you decide a new tankless water heater is your best option, we can install it properly to make sure you have constant hot water for years to come.
Your Dallas Area Water Heater Experts
Trust your water to a licensed technician who knows how to install a tankless water heater. If you have any questions concerning what size tankless water heater you need or which model can save you the most, call Benjamin Franklin Plumbing. We also provide tankless water heater service for homes that have already converted. Our experts are prepared to answer your questions and provide professional water heater installation services in Dallas, Plano and McKinney.